Fed’s Williams sees no urgency for another rate hike, but one more increase may come this year

  • John Williams said the Federal Reserve has time to gather more data before another rate increase.
  • CME FedWatch showed October hike odds fell to 47% from 70.9% in one day.
  • Michael Barr said further policy adjustments are likely needed to return inflation to target.

Federal Reserve Bank of New York President John Williams said policymakers have time to gather more data after September's quarter-point rate increase, though he said another increase may be appropriate late this year. CME FedWatch data showed the market-implied probability of an October hike fell to 47% from 70.9% a day earlier. Fed Governor Michael Barr offered a more hawkish assessment, saying further policy adjustments are likely needed as inflation remains too high. Bitcoin held near $83,540 after rising 0.2% over 24 hours, while August PCE inflation data due Wednesday stands as the next key test for rate expectations and crypto markets.

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